WOER(SZ:002130)2021-08-02 16:00Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,535,504,901.34, representing a 50.26% increase compared to CNY 1,687,413,397.40 in the same period last year[29]. - The net profit attributable to shareholders of the listed company reached CNY 309,782,948.05, a significant increase of 132.65% from CNY 133,156,497.09 in the previous year[29]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 291,824,396.72, up 144.72% from CNY 119,248,152.48 year-on-year[29]. - The basic earnings per share for the reporting period was CNY 0.2461, reflecting a 132.61% increase compared to CNY 0.1058 in the previous year[29]. - The total assets at the end of the reporting period amounted to CNY 7,457,249,018.73, an increase of 8.22% from CNY 6,890,783,591.18 at the end of the previous year[29]. - The net assets attributable to shareholders of the listed company were CNY 3,547,405,650.28, which is an 8.38% increase from CNY 3,273,216,346.58 at the end of the previous year[29]. - The net cash flow from operating activities was CNY 224,825,323.55, showing a decrease of 29.62% compared to CNY 319,452,696.47 in the same period last year[29]. - The weighted average return on net assets increased to 9.09%, up by 4.54 percentage points from 4.55% in the previous year[29]. - The overall gross profit margin decreased to 37.07%, down by 1.60 percentage points from 38.67% in the first half of 2020[76]. - The gross profit margin for electronic products was 40.19%, a decrease of 4.67 percentage points year-on-year, primarily due to rising raw material costs[77]. Investments and R&D - Research and development expenses increased by 46.28% to RMB 153.56 million, driven by enhanced investment in R&D and technology[72]. - The company holds over 1,400 valid patents, including more than 200 invention patents, and has added over 90 new patents in the first half of 2021[54]. - Significant investment in R&D for new technology development, contributing to cost reduction and efficiency improvement[146]. - The company plans to enhance management capabilities and internal controls to address the complexities arising from business expansion[122]. - The company plans to maintain its industry-leading position by increasing R&D investment and enhancing its technical talent pool[123]. - The company aims to strengthen cooperation with relevant research institutions to keep up with the latest technological developments and opportunities[123]. Market and Product Development - The company is expanding into high-end markets, particularly in nuclear power and smart manufacturing, to enhance its competitive edge[40]. - The company’s electric vehicle charging products have gained significant market recognition and share, benefiting from the recovery of the electric vehicle industry[48]. - The company launched a new gigabit vehicle Ethernet harness, addressing the growing demand for high-speed data transmission in smart vehicles[60]. - The company completed the development of a new segmented wind power busbar, which significantly reduces installation costs compared to traditional copper cables[59]. - The company’s focus on renewable energy aligns with national strategies for energy structure improvement and climate change response, ensuring stable cash flow and profit returns[47]. Financial Management and Cash Flow - Cash and cash equivalents decreased by approximately ¥25.21 million, a decline of 115.06% compared to an increase of ¥167.32 million in the previous year[75]. - The net cash flow from financing activities was negative at approximately ¥117.76 million, a significant decrease of 778.15% compared to ¥13.41 million in the previous year[75]. - The company reported a net investment income of approximately ¥3.60 million, accounting for 0.97% of total profit, with some items being sustainable[86]. - The company reported a total investment of CNY 135.38 million during the reporting period, a decrease of 18.90% compared to the previous year[101]. Corporate Governance and Compliance - The company emphasizes compliance with laws and regulations, enhancing its operational standards and internal control systems[140]. - The company strictly adhered to information disclosure obligations, ensuring timely and accurate communication with shareholders and creditors[144]. - The company maintains a good integrity status with no reported issues[163]. - The company does not plan to distribute cash dividends or issue bonus shares for the half-year period[129]. Risks and Challenges - The company faces risks related to macroeconomic conditions, industry competition, and rising raw material costs, with strategies in place to mitigate these risks[119][120]. - The company emphasizes maintaining strong relationships with suppliers to manage raw material costs effectively[120]. Subsidiaries and Related Transactions - The company established two new subsidiaries during the reporting period, which had no significant impact on overall operations and performance[118]. - The company engaged in related transactions with Nanjing Suwo New Materials Co., Ltd., totaling 1,191.90 million CNY, accounting for 0.47% of similar transaction amounts[165]. - The company has a rental agreement with Dongguan Kangye Investment Co., Ltd., with a monthly rent of 900,000 CNY, totaling 5,400,000 CNY for the first half of 2021[181]. - The company has approved external guarantees totaling 33,000 million CNY, with no actual guarantees issued during the reporting period[185]. Legal Matters - The company faced a lawsuit regarding a share transfer agreement, with a claim amount of 1.0768 million RMB, which was dismissed by the court[159]. - The company was ordered to pay 2 million RMB in damages related to environmental pollution claims[159]. - There were no penalties or rectification measures during the reporting period[162].